(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)
By Robert Cyran
NEW YORK, Jan 7 (Reuters Breakingviews) - The stock image company is merging with rival Shutterstock. With aging tech firms in need of cleaning up, AI threats rising and trustbusters perhaps muzzled, the scene is set for dealmaking. Add savings worth $865 mln to the buyer and this is an ideal snapshot of how it may look.
Full view will be published shortly.
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CONTEXT NEWS
Getty Images said on Jan. 7 that it had agreed to acquire rival stock image company Shutterstock. The target’s shareholders can opt for cash, stock or both, but Getty will pay aggregate consideration of $9.50 and 9.17 shares of its own stock for each share of Shutterstock. Upon closing of the deal, Getty shareholders will own approximately 54.7% of all shares.
(Editing by Jonathan Guilford and Pranav Kiran)
((For previous columns by the author, Reuters customers can click on robert.cyran@thomsonreuters.com))
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